Amphenol (NYSE:APH) Stock Price Down 1.2% - Should You Sell?

Key Points

• Amphenol shares fell 1.2% to about $79.29 in mid-day trading, with volume 59% below the average session level.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $98.56, although target revisions have been mixed.
• The company recently beat quarterly earnings and revenue expectations, with revenue up 55% year over year, while paying a $0.25 quarterly dividend. However, insiders sold more than $172 million of stock during the last quarter.

Amphenol Corporation (NYSE:APH - Get Free Report)'s stock price was down 1.2% during mid-day trading on Tuesday. The company traded as low as $77.88 and last traded at $79.2940. 7,056,284 shares were traded during mid-day trading, a decline of 59% from the average session volume of 17,163,781 shares. The stock had previously closed at $80.28.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Amphenol from $100.00 to $107.50 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. TD Cowen cut their target price on shares of Amphenol from $175.00 to $90.00 and set a "hold" rating for the company in a research report on Wednesday, September 9th. The Goldman Sachs Group restated a "buy" rating and set a $116.00 price target (up from $102.00) on shares of Amphenol in a report on Tuesday, October 6th. Finally, Wolfe Research started coverage on Amphenol in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $105.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $98.56.

Amphenol Trading Down 1.2%

The firm has a market cap of $195.54 billion, a P/E ratio of 39.75, a PEG ratio of 1.07 and a beta of 1.23. The company's 50 day moving average is $82.17 and its two-hundred day moving average is $77.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.41.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.08. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The business had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.26 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 55.0% on a year-over-year basis. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. On average, sell-side analysts predict that Amphenol Corporation will post 2.67 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $1.00 annualized dividend and a yield of 1.3%. Amphenol's dividend payout ratio is presently 25.00%.

Insider Activity

In other news, EVP David Silverman sold 240,000 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total value of $20,908,800.00. Following the completion of the transaction, the executive vice president owned 31,344 shares of the company's stock, valued at $2,730,689.28. The trade was a 88.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lance D'Amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total value of $8,099,500.00. Following the sale, the executive vice president directly owned 114,130 shares in the company, valued at $9,243,959.35. The trade was a 46.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,098,608 shares of company stock worth $172,316,688 over the last quarter. 1.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

Hedge funds have recently made changes to their positions in the business. State Street Corp raised its stake in Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker's stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares in the last quarter. Wellington Management Group LLP grew its stake in Amphenol by 10.5% in the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker's stock worth $2,923,371,000 after buying an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP increased its holdings in shares of Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker's stock worth $2,898,248,000 after buying an additional 15,908,901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Amphenol by 4.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker's stock worth $1,710,939,000 after buying an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Amphenol in the 2nd quarter worth $1,600,531,000. 97.01% of the stock is owned by institutional investors.

About Amphenol

Amphenol Corporation NYSE: APH is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.

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